Maitreya Medicare Ltd, a well-established name in the Indian healthcare sector, has officially submitted a certificate under Regulation 74(5) of the Securities and Exchange Board of India (SEBI) (Depositories & Participants) Regulations, 2018, for the quarter ended December 31, 2024. The certificate, submitted on January 4, 2025, is issued by MUFG Intime India Pvt. Ltd, the Registrar and Share Transfer Agent (RTA) for Maitreya Medicare Ltd. This submission is an essential step in complying with SEBI regulations for maintaining transparency in securities handling.

Importance of Regulation 74(5)

According to Regulation 74(5), companies are required to submit a certificate confirming that all securities received for dematerialization during the given quarter have been processed correctly. This regulation ensures that the securities held by investors are properly registered and transferred in the dematerialized form, in line with the requirements of depository participants and stock exchanges. The timely compliance with these regulations is vital to maintain the integrity of the financial markets and ensure that investors' holdings are accurately represented.

The Role of MUFG Intime India Pvt. Ltd

The Registrar and Share Transfer Agent, MUFG Intime India Pvt. Ltd, plays a crucial role in processing dematerialization requests for companies. During the quarter ending December 31, 2024, the company received securities for dematerialization, and MUFG Intime confirmed their acceptance and rejection in line with the prescribed procedures. The company also ensured that security certificates received for dematerialization were mutilated, cancelled, and properly verified by the depository participant.

Once the securities are dematerialized, the details are updated in the register of members with the depository participants listed as the registered owners. This process must be completed within the prescribed timelines to ensure that the company remains in full compliance with the SEBI regulations.

Stock Exchange Compliance

One of the significant points highlighted in the certificate is that the securities dematerialized and processed by the Registrar and Share Transfer Agent have been listed on the stock exchanges where the company's previous securities are already listed. This ensures that the company's securities continue to meet the listing requirements of the stock exchanges and remain accessible for trading by the investing public.

Company’s Commitment to Regulatory Compliance

By submitting this certificate, Maitreya Medicare Ltd is ensuring full compliance with SEBI’s regulations. This certificate not only strengthens the company’s commitment to transparency but also serves as an important governance measure to reassure investors about the security and accuracy of their holdings in the company. Regular submissions like these demonstrate the company’s adherence to the stringent regulations that govern financial markets in India.

Broader Implications for Investors and the Market

For investors, the submission of such certificates enhances confidence in the company’s securities processing. Ensuring that securities are dematerialized and accurately recorded helps mitigate the risk of errors or discrepancies in investor records. Additionally, for market participants, this certificate serves as an assurance that the company is operating in full compliance with SEBI’s regulations, fostering a secure trading environment for all stakeholders.

Maitreya Medicare Ltd's adherence to SEBI regulations also highlights its corporate governance standards and commitment to financial transparency. Investors and stakeholders are encouraged to stay updated on the company’s regulatory filings and ensure their investments are well-managed.

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